US Steps Up Pressure on China Over Industrial Overproduction
Washington is investigating China and 15 other economies over excess manufacturing capacity as new U.S. measures loom.
TL;DR
- The U.S. is increasing efforts against industrial overproduction from China and other economies.
- Washington is investigating manufacturing policies it claims harm U.S. industry.
- Structural excess capacity was a priority at the G20 trade ministerial, alongside forced labor, food trade, and the most-favored-nation principle.
- A decade-old commitment by G20 leaders to address excess industrial capacity has been largely ineffective.
- Overproduction driven by non-market policies spills across borders, pressuring global producers and workers.